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A small group of FTX Trading customers are demanding hundreds of millions of dollars from the bankrupt crypto firm, arguing that three digital tokens known as 'Sam Coins' should receive a payout. FTX creditors clash over the valuation of 'Sam Coins,' including Serum, $MAPS, and $OXY tokens, seeking to recoup significant amounts. FTX challenges investor claims for 'Sam Coins,' suggesting their value should be negligible or zero in the bankruptcy proceedings. Despite this, FTX is set to repay customers up to 40% more than their initial claims due to rising crypto assets.
Hearing reports that people who had money in FTX may get 120% - 140% of the value of their principal at the time bankruptcy was declared in Nov 2022. Meanwhile avg crypto-currency prices have tripled, and they never dropped much in the span. https://t.co/5fhLNT8wSB
Financial Times @ft: FTX Creditors Likely To Be Paid up to 140% the Value of Their Original Claims: Report. #robotics #ArtificialIntelligence #MachineLearning https://t.co/QkTFnWbCFK
'Just a Bunch of Zeroes and Ones': Crypto Valuation Sets Up 'Battle of Experts' in FTX Bankruptcy https://t.co/FyjPCFBTCc
